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A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 430,000 Sales revenue $1,880,000 Variable manufacturing expense $947,000 Fixed manufacturing expense
A manufacturer of tiling grout has supplied the following data:
| Kilograms produced and sold | 430,000 |
| Sales revenue | $1,880,000 |
| Variable manufacturing expense | $947,000 |
| Fixed manufacturing expense | $240,000 |
| Variable selling and administrative expense | $343,000 |
| Fixed selling and administrative expense | $206,000 |
| Net operating income | $144,000 |
The company's contribution margin ratio is closest to:
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Financial Accounting Objective Questions And Explanations
Authors: Irvin N. Gleim
7th Edition
0917539664, 978-0917539664
